Northstar Healthcare has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission.
The filing was made in preparation for Northstar common shares to be listed on a U.S. national exchange. "The plan of the company is to dual list our common shares on both the TSX and a national exchange in the United States. Our goal is to significantly increase the liquidity of our common shares by adding a U.S. listing and thereby accessing the massive U.S. investment community," said President Harry Fleming.
The company reported $15.1 million in $15.1 million in second quarter revenue, up 157.8 percent from $5.9 million in net patient service revenue in the second quarter of 2013.
Northstar owns and manages seven facilities, including four ambulatory surgery centers.
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The filing was made in preparation for Northstar common shares to be listed on a U.S. national exchange. "The plan of the company is to dual list our common shares on both the TSX and a national exchange in the United States. Our goal is to significantly increase the liquidity of our common shares by adding a U.S. listing and thereby accessing the massive U.S. investment community," said President Harry Fleming.
The company reported $15.1 million in $15.1 million in second quarter revenue, up 157.8 percent from $5.9 million in net patient service revenue in the second quarter of 2013.
Northstar owns and manages seven facilities, including four ambulatory surgery centers.
More articles on transactions and valuation issues:
55 things to know about ACS company 2Q financial reports
5 hospital ASC plans & partnerships
Transaction tip of the day: planning for succession